Turkish authorities have prohibited access to PancakeSwap and 46 other cryptocurrency platforms for offering unauthorized crypto asset services. The ban targets decentralized finance platforms operating outside Turkey’s regulatory framework, reflecting intensified oversight of digital asset activities.
This enforcement underscores Turkey’s stringent approach toward unregulated DeFi services, emphasizing investor protection through formal licensing channels. Government officials noted the measure aligns with ongoing efforts to combat financial risks and ensure compliant market operations.
Market participants are urged to monitor regulatory developments via official channels and cryptocurrency news updates to maintain compliance in Turkey’s evolving digital asset landscape.